This 121 unit, 55,783-square-foot, six-story building, originally constructed in 1966 and operating as a motel, offers a prime opportunity for transformation into a modern hospitality destination. Situated on a 0.53 acre lot in the heart of Reno, this property is perfectly positioned for redevelopment into a high-end hotel or mixed-use project. Property Highlights -Existing Layout: A 1966 building designed for hospitality use, now offering the opportunity to renovate into 121 high-quality units, including: -71 Studio units -50 Large Studios -4 Two-story Penthouse Suites with rooftop deck access and 360-degree views. Amenities Potential: -State-of-the-art gym, bike storage room, and expansive common areas. -Courtyard with fire pits, string lights, and elevators. -Secured parking for residents and visitors. Redevelopment Potential -This property is ideal for a complete hospitality conversion, creating a vibrant downtown destination. Additional use cases could include residential or mixed-use applications. Prime Downtown Location -Positioned along the Truckee River, with direct access to the Tahoe Pyramid Trail and walking distance to all downtown amenities. -Adjacent to the Renaissance Hotel and across from the National Automobile Museum. -Surrounded by retail shops, restaurants, casinos, and cultural attractions. -Convenient freeway access and proximity to Reno’s thriving commercial and tourism hubs. Key Metrics -Land Size: 0.53 acres -Interior Size: 55,783 square feet -Unit Mix: 121 thoughtfully designed units with flexibility for customization.